The company signed an agreement with Freiberger Company Inc. to launch MediaCoin LLC, which is intended to be a media rights management application using blockchain technology.

Presentation from Sycamore Entertainment Group Inc OTCMKTS:SEGI

The reaction of the market was not slow. Many market participants got to know the news, consequently the share price spiked up.

From trading at the level of $0.0003, the stock price increased to touch the three-years highs of $0.0017 . For those who need a calculator, it is more than 400% stock return in a short period of time.

However, we believe that there is something more important than price; the volume. More than 400 million shares changed hands showing that many market participants were interested in the company. This is a great news.

Have a look at the following stock charts:

5 years chart for SEGI

1 month chart for SEGI

Business

Sycamore Entertainment Group Inc. was founded on January 3, 2007 and is headquartered in Blaine, Washington. It is an independent distribution and marketing company specializing in the acquisition, distribution, and development of marketing campaigns for well-researched, cost-effective filmed entertainment. It participates in a wide range of activities:

Film acquisitions

Publicity

Print advertising

Billboard advertising

Film distribution

Online marketing

But, the most interesting seems to be the new business venture, wherein the company is entering right now; the blockchain industry.

We believe that if the company can grow at the same pace that this new innovating sector does, the share price should keep going up.

For staters in the cryptocurrency and blockchain sector, please read this carefully.

When a company, like SEGI, which operates in an unrelated industry, tries to operate in a new and innovating sector, the biggest question arises: how will it cope up with new sector?

The company responds easily to this question. SEGIcontacted and signed a partnership agreement with The Freiberger Company Inc., a blockchain consulting and development company focused on launching decentralized Blockchain technologies in multiple industries. This partner owns expertise in securities regulations and blockchain technologies and will be providing SEGI the know-how needed to start in this sector.

What’s the new business strategy?

The companies are launching MediaCoin LLC, a media rights management application using blockchain technology. The new system consists of a decentralized and encrypted piece of software that will help “artists and producers rights, track payments, ELIMINATE PIRACY, and manage terms of the distribution contracts and royalty revenues.”

We believe that it is a great business idea. SEGI will be providing its accumulated experience in the media and will use the new innovative blockchain technology to manage the contents.

We believe that most significant words were said by Edward Sylvan, CEO of SEGI. He explained how the new technology can create value for the media industry in helping protect against piracy.

Read it here:

“Blockchain can be used to verify multiple levels of transactions and opens the door to platforms that can track permanent, and traceable peer to peer transactions. This opens the door to solving multiple problems in the media industry in areas of piracy and authenticity and will offer less expensive transactions to our customers. The music and Film industries are ideal for Blockchain applications as they are fraught with middlemen and have traditionally suffered from rampant piracy and a lack of transparency while being controlled by a small handful of companies. MediaCoin is going to revolutionize the entertainment industry.”Source

The CEO seems to be a big fish in the Media Industry

There is another feature in this company that many other market participants have remarked. The CEO, Edward Sylvan, seems to be a very well known person in the media sector. This is always good, because we can be sure that he has the contacts to grow the company’s business opportunities.

The following are some photos of him:

Photo taken from https://investorshub.advfn.com/Sycamore-Entertainment-Group-Inc-SEGI-10228/

EDWARD SYLVAN CEO of Sycamore Entertainment Group Inc(OTCMKTS:SEGI)

Conclusion

Currently trading with a market cap of $3.3 million, SEGI is an exciting story among small caps. We believe that the company should go ahead and look for new financing to help reshape its balance sheet. In our opinion, it is the right time, as it is developing a new technology that seems to be seducing the market. It could draw the attention of financial institutions.

To sum up, be sure to follow this name. It may surprise again soon.

We will be updating our subscribers as soon as we know more. For the latest updates on SEGI, sign up below!

Disclosure: We have no position in SEGI and have not been compensated for this article.

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